Andre acquired and placed in service a computer on March 3, 2023, for $44,600. He elects the straight-line method for cost recovery. Andre does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. Calculate Andre's cost recovery deduction for the computer for tax years 2023 and 2024. 2023: $ 2024: $ 7,433 X 8,920

SWFT Individual Income Taxes
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ISBN:9780357391365
Author:YOUNG
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Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
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Exercise 8-22 (Algorithmic) (LO. 2)
Andre acquired and placed in service a computer on March 3, 2023, for $44,600. He elects the straight-line method for cost recovery. Andre
does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation.
Click here to access the depreciation table to use for this problem.
Calculate Andre's cost recovery deduction for the computer for tax years 2023 and 2024.
2023: $
2024: $
7,433 X
8,920
Transcribed Image Text:Exercise 8-22 (Algorithmic) (LO. 2) Andre acquired and placed in service a computer on March 3, 2023, for $44,600. He elects the straight-line method for cost recovery. Andre does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. Calculate Andre's cost recovery deduction for the computer for tax years 2023 and 2024. 2023: $ 2024: $ 7,433 X 8,920
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